Dollarama (TSE:DOL) Given New C$190.00 Price Target at Stifel Nicolaus

Dollarama (TSE:DOL - Free Report) had its price target boosted by Stifel Nicolaus from C$162.50 to C$190.00 in a research report report published on Thursday,BayStreet.CA reports.

Other analysts have also issued research reports about the company. UBS Group increased their price objective on Dollarama from C$165.00 to C$196.00 in a research note on Thursday. Jefferies Financial Group set a C$180.00 price objective on Dollarama and gave the company a "buy" rating in a research note on Thursday, April 10th. National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. Royal Bank of Canada increased their price objective on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group increased their price objective on Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$186.36.

Dollarama Price Performance

Shares of DOL traded down C$0.20 during trading hours on Thursday, reaching C$193.74. 730,803 shares of the company traded hands, compared to its average volume of 721,881. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The stock has a market capitalization of C$53.54 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a fifty-two week low of C$119.88 and a fifty-two week high of C$196.46. The stock has a fifty day simple moving average of C$171.10 and a 200 day simple moving average of C$153.37.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were given a dividend of $0.1058 per share. The ex-dividend date of this dividend was Thursday, April 17th. This is an increase from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 0.22%. Dollarama's dividend payout ratio is 9.42%.

Insider Buying and Selling

In other Dollarama news, Director Nicolas Hien sold 4,131 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$192.31, for a total transaction of C$794,433.02. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. Over the last ninety days, insiders have sold 33,481 shares of company stock worth $5,508,667. 2.23% of the stock is owned by company insiders.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company's product offerings.